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COMCEC Tourism Outlook-2016
14
4
International Tourism in the OIC Member Countries
In the light of the above mentioned overview of the trends in international tourism, this section
aims to assess the performance and economic role of the international tourism in the Member
Countries.
The OIC Member Countries are located in four continents on all over the world. Besides their
geographical heterogeneity, the Member Countries do not constitute a homogenous economic
group due to their different development levels. Most of the Member Countries are developing
countries and 21 of them are the Least Developed Countries (LDCs).
Given this state of affairs, it is expected that tourism might play an important role in economic
field regarding particularly sustainable development and poverty alleviation in the Member
Countries.
According to WTTC, the direct contribution of Travel & Tourism to GDP in 2015 was $213.3
billion (3.4% of GDP) in the OIC member states. This is forecast to rise by 3.5% to $220.9 billion
in 2016. The direct contribution of Travel & Tourism to GDP is expected to grow by 4.8% yearly
to $352.2 billion (3.5% of GDP) by 2026.
The total contribution of Travel & Tourism to Member States’ GDP (including wider effects from
investment, the supply chain and induced income impacts, see page 2) was USD551.2 bn in 2015
(8.7% of GDP) and is expected to grow by 3.8% to USD572.4 bn (8.8% of GDP) in 2016. It is
forecast to rise by 4.9% pa to USD926.7bn by 2026 (9.3% of GDP) (WTTC. 2016).
Table 4.1 Estimates and Forecasts for Travel&Tourism Economic Impact in OIC Member
States
COMCEC
2015
($
billion)
1
2015
% of
total
2016
Growth
2
2026
$
billion
1
2026
% of
total
Growth
3
Direct contribution to
GDP
213.3
3.4
3.5
352.2
3.5
4.8
Total contribution to
GDP
551.2
8.7
3.8
926.7
9.3
4.9
Direct contribution to
employment
4
15,393
2.8
1.7
19,980
2.8
2.5
Total contribution to
employment
4
39,716
7.1
1.9
52,203
7.3
2.6
Leisure spending
287.4
2.6
3.3
478.0
2.7
4.9
Business spending
89.9
0.8
5.3
142.2
0.8
4.2
Capital investment
99.1
6.3
5.2
175.7
6.9
5.4
1
2015 constant prices and exchange rates;
2
2016 real growth adjusted for inflation (%);
3
annual real
growth adjusted for inflation;
4
000 jobs
Source: WTTC, Economic Impact 2016 Report-COMCEC